📘 OrderTypes101 – Master orders like a pro!
Do you want to trade smartly and avoid beginner mistakes? Then you need to know these 4 essential order types on Binance ⬇️
🔹 Market Order
💥 Executes instantly at the current price.
✅ Perfect for entering or exiting quickly, but beware of slippage.
🔹 Limit Order
🎯 You choose the buy or sell price.
✅ Ideal for having more control over your entries, but not guaranteed to be executed.
🔹 Stop-Loss
🛑 Protects you from big losses.
⚠️ If the price drops too much, it automatically sells to limit the damage.
🔹 Take-Profit
🏁 Secures your gains without watching the screen.
When the price reaches your target, your position is closed automatically ✅
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🧠 The pros' tip?
Combine Limit + Stop-Loss + Take-Profit for comprehensive management, without emotions 💼📊
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⚠️ Reminder: Using these orders properly means trading with strategy, not randomly. Educate yourself, test in demo, and proceed cautiously.
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❓And you, which type of order do you use the most?
